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Trust Waikato

PRI reporting framework 2018

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

Extract from Investment Policy

3.2.2  Responsible Investment: The Trust considers the social and environmental consequences of its investments, both positive and negative, within the context of rigorous financial analysis.

3.4  Responsible Investment

3.4.1 The Trust believes it has a responsibility to consider, in the context of its investment decisions, the negative and positive effects on society and the environment of decisions made by the companies, institutions and governments in which it invests. In particular:

  • Human rights and wellbeing
  • Labour standards
  • The environment
  • Bribery and corruption
  • Appropriate governance structures and processes
  • Sustainability

3.4.2 The Trust may invest in products which are specifically designed to meet the Trust's responsible investment goals.

3.4.3 The Trust encourages its fund managers to consider environmental, social and governance matters in relation to all investment decisions. When selecting and monitoring fund managers, the Trust will seek information about the capacity and practices of potential fund managers to consider environmental, social and governance matters in investment decisions.

3.4.6 As an asset owner signatory of the PRI, the Trust is eligible to cast an organisational vote to elect representatives to the PRI Board. Participation in any voting process is determined by the chairperson and chief executive.

 

 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Key Elements:

The Trust actively screens prospective fund managers for their approach to responsible investment;

Fund managers are always asked to cover their responsible investment activities at the regular in-person reporting presentations;

Where the Trust is able to invest with a direct mandate, negative screening is used for investments in armaments, gambling, tobacco and alcohol.

The Trust has chosen to invest in two funds with a socially responsible investment theme: a global equities fund and a social infrastructure fund.

The Trust is an active owner where possible. The Trust exercises it's right to vote, either directly or via its fund managers.


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.3. Additional information. [Optional]

No staff members or trustees are involved in selection of securities.

Trustees and staff are required to disclose conflicts of interest in relation to all Trust transactions (grants and commercial transactions).


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

          We address queries such as this to our fund manager, who will liaise with the company and report back to management.
        

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